SpaceX $SPCX Position Raised by Teamwork Financial Advisors LLC

Teamwork Financial Advisors LLC grew its position in shares of SpaceX (NASDAQ:SPCX) by 79.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 84,507 shares of the company’s stock after acquiring an additional 37,525 shares during the quarter. SpaceX accounts for 1.4% of Teamwork Financial Advisors LLC’s holdings, making the stock its 29th biggest position. Teamwork Financial Advisors LLC’s holdings in SpaceX were worth $12,749,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in SPCX. Crown Wealth Group LLC acquired a new stake in shares of SpaceX in the third quarter valued at approximately $248,000. RWQ Financial Management Services Inc. lifted its position in shares of SpaceX by 274.4% in the third quarter. RWQ Financial Management Services Inc. now owns 35,100 shares of the company’s stock worth $5,295,000 after purchasing an additional 25,725 shares in the last quarter. Richards Merrill & Peterson Inc. lifted its position in shares of SpaceX by 20.0% in the third quarter. Richards Merrill & Peterson Inc. now owns 5,137 shares of the company’s stock worth $775,000 after purchasing an additional 857 shares in the last quarter. Gimbal Financial acquired a new position in SpaceX during the third quarter worth $213,000. Finally, New Wave Wealth Advisors LLC boosted its holdings in SpaceX by 142.6% during the third quarter. New Wave Wealth Advisors LLC now owns 2,911 shares of the company’s stock worth $456,000 after purchasing an additional 1,711 shares during the last quarter.

Insider Activity at SpaceX

In other news, COO Gwynne Shotwell sold 342,170 shares of the business’s stock in a transaction dated Tuesday, September 22nd. The shares were sold at an average price of $153.57, for a total transaction of $52,547,046.90. Following the transaction, the chief operating officer directly owned 2,472,035 shares in the company, valued at $379,630,414.95. The trade was a 12.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX Stock Up 1.3%

Shares of NASDAQ:SPCX traded up $1.93 during midday trading on Monday, hitting $147.96. The stock had a trading volume of 73,697,866 shares, compared to its average volume of 100,789,758. The firm has a market capitalization of $1.95 trillion and a P/E ratio of -1,644.00. SpaceX has a 12 month low of $104.83 and a 12 month high of $225.64. The business has a 50-day moving average of $148.63. The company has a current ratio of 5.12, a quick ratio of 4.99 and a debt-to-equity ratio of 0.29.

SpaceX (NASDAQ:SPCX) last posted its quarterly earnings results on Tuesday, August 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.17. The firm had revenue of $7.81 billion for the quarter. The business’s revenue for the quarter was up 91.9% compared to the same quarter last year. As a group, equities analysts predict that SpaceX will post 0.07 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on SPCX shares. Mizuho assumed coverage on shares of SpaceX in a research report on Tuesday, July 7th. They issued an “outperform” rating and a $200.00 target price for the company. Sanford C. Bernstein reissued a “buy” rating on shares of SpaceX in a research report on Monday, September 28th. HSBC initiated coverage on shares of SpaceX in a research note on Thursday, July 23rd. They set a “hold” rating and a $115.00 price objective for the company. Yorkville Ives initiated coverage on SpaceX in a report on Tuesday, October 6th. They issued an “outperform” rating and a $225.00 price objective for the company. Finally, Weiss Ratings started coverage on SpaceX in a report on Tuesday, September 1st. They issued a “sell (d)” rating for the company. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, nine have given a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, SpaceX presently has an average rating of “Moderate Buy” and an average target price of $221.44.

Key Headlines Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Earnings could provide a catalyst. Analysts reportedly expect approximately $12.9 billion in third-quarter revenue and $0.14 in earnings per share. Investors will focus on Starlink cash flow, AI-related revenue, launch activity and 2027 spending plans. SpaceX Q3 Earnings Preview
• Positive Sentiment: Analyst support remains strong. Bernstein reiterated a Buy rating and a $248 price target, while other coverage points to upside if Starlink and AI growth justify the company’s ambitious investment program. Bernstein sets SpaceX stock price target
• Positive Sentiment: Starship and Starlink expansion could broaden future revenue. SpaceX is seeking approval for a major increase in Starship launch activity and is pursuing spectrum and direct-to-device opportunities that could make Starlink more competitive in wireless communications. SpaceX plans expanded Starship launches
• Neutral Sentiment: Elon Musk’s proposed stock giveaway generated attention. Musk said he plans to give one SpaceX share to every U.S. child next year, potentially involving roughly $10 billion or more of stock. Details on eligibility, administration and any dilution are not yet clear, limiting the immediate financial significance. Musk SpaceX shares giveaway
• Negative Sentiment: High spending and valuation create downside risk. SpaceX’s AI-computing business is growing but carries significant costs, while analysts are watching whether projected capital expenditures—potentially including an $18.4 billion investment program—will pressure profitability and cash flow. SpaceX earnings and AI spending

SpaceX Profile

Space Exploration Technologies Corp., commonly known as SpaceX, is a privately held aerospace company founded in 2002 by Elon Musk. The company develops and operates launch vehicles and spacecraft designed to reduce the cost of access to space and support commercial, government and scientific missions.

SpaceX’s principal products and services include the Falcon 9 and Falcon Heavy rockets, the Dragon spacecraft and the Starlink satellite communications network. Falcon rockets are used to launch satellites, cargo and crew, while Dragon spacecraft support transportation to and from low Earth orbit.